S&P 500 Futures Slip 0.4% on OpenAI Revenue Miss as Energy Stocks Rally

S&P 500 futures dipped ~0.4% (Nasdaq 100 ~0.9%) after OpenAI's revenue and user shortfalls sparked a selloff in AI-tech names like Oracle (-7% premarket), driving rotation into energy and industrials. Oil neared $110/bbl on UAE's OPEC exit, supporting the sector amid the index's hold above 7,100 and 13% April pace. Fragile breadth persists with VIX near 19 and 10-year at 4.3%, as big tech earnings and Fed decision loom with capex in focus.